By Administrator_India Capital Sands Oil prices slipped on Friday, adding to losses in the previous session, on worries that fuel demand growth will drop amid a resurgence of coronavirus cases and as talks have stalled in the United States on a new stimulus deal. U.S. West Texas Intermediate (WTI) crude futures slipped 2 cents […]
By Administrator_India Capital Sands Asian shares wobbled in a choppy session on Friday as abysmal economic data from the United States and rising global COVID-19 cases weighed on sentiment, despite strong U.S. tech earnings and signs of manufacturing recovery in China and Japan. The U.S. dollar was also set for its worst month in […]
By Administrator_India Capital Sands India’s gold demand in 2020 is expected to fall to the lowest level in 26 years with domestic bullion prices hitting a record high and as falling disposable incomes could curtail retail purchases, the World Gold Council (WGC) said on Thursday. Lower demand by the world’s second-biggest bullion consumer could […]
By Administrator_India Capital Sands Oil prices fell on Monday, unnerved by the prospect that a recovery in fuel demand could be derailed by a rise in the pace of coronavirus infections around the world. Brent crude was down 25 cents, or 0.6%, at $42.89 a barrel, after dropping slightly last week. U.S. oil was […]
By Administrator_India Capital Sands Gold was down on Friday morning in Asia over new hopes for COVID-19 vaccines coming out of both the U.S. and U.K., and the European Central Bank (ECB) signalling that it may leave interest rates and stimulus unchanged in the near future. Gold futures were down by 0.12% to $1,798.15, retreating […]
By Administrator_India Capital Sands Oil was down on Thursday morning in Asia as OPEC announced the easing of production cuts after its Joint Ministerial Monitoring Committee meeting on Wednesday. Starting in August, the group will cut production by 7.7 million barrels per day, compared to the current 9.7 million bpd cut currently in place.” […]
By Administrator_India Capital Sands Oil rose on Wednesday morning in Asia, with investor sentiment improved after the U.S. reported a significant drop in crude oil inventories. The American Petroleum Institute (API) estimated an 8.322 million-barrel draw for the week ended July 10. The draw was bigger than analyst forecasts of a 2.1 million-barrel draw and reversed […]
By Administrator_India Capital Sands Gold held close to a near eight-year peak on Tuesday, en route to its best quarter in more than four years, as worries over rising cases of the novel coronavirus and its economic fallout boosted safe-haven demand. Spot gold was steady at $1,771.30 per ounce, just $7.76 shy of a […]
By Administrator_India Capital Sands Oil prices nudged higher on Monday on tighter supplies from major producers, but a record rise in global coronavirus cases raised concerns a recovery in fuel demand could stall, checking gains. Brent crude rose 8 cents, or 0.2%, to $42.22 a barrel, while U.S. crude was at $39.93 a barrel, […]
By Administrator_India Capital Sands Oil prices eased on Monday on concerns over rising tensions between the United States and China over Beijing’s plans to impose security laws on Hong Kong and the possibility of sanctions from Washington. Oil prices have risen sharply in recent weeks as an easing of coronavirus restrictions has led to […]
